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Uninsured Rate of Americans Plummets in the First Quarter

The percentage of uninsured Americans has soared from the range of 14% that was recorded in 2008 to over 17% as recorded in 2011. In the last quarter of 2013, the percentage peaked to 18%. However, the uninsured rate has recently plummeted after the inception of the U.S healthcare system in the Affordable Care Act, this provision required that most Americans to carry health Insurance that took effect at the beginning of the year 2014. The U.S has recorded an improving economy, and a dwindling unemployment statistic. Many critics think this could have accelerated the steep drop in the percentage of uninsured Americans over the past few years. The uninsured rate, however, cannot be too early 2008, before the depths of the economic recession, this shows that the recent decline was due to an improving economy.

The uninsured declining rate is at a slower pace, this is due to the second open enrollment period of the federal exchanges, this can be compared to the first. During the first period, the uninsured rate of Americans was at 1.5 points to 15.6% in the first quarter of 2014, this is from 17.1% that was recorded in the fourth quarter of 2013. In comparison, in that particular time frame this year, the uninsured rate of Americans fell one point from 12.9% to 11.9%.

The statics are based on interviews that were collected in more than 43,500 interviews from January to March 2015 (Gallup-Healthways well-being index). However as the uninsured rate declines across all key demographic groups, after the health care law took effect in the first quarter of 2014. The rate has dropped mostly among the lower income Americans and the Hispanics; these groups are mostly likely to lack insurance cover. The rate of uninsured US citizens that earn less than $36,000 annually as income dropped by 8.7 points since the end of 2013, while the Hispanics rate dropped by 8.3 points. The Obama administration sites the significant drop of uninsured Hispanics as a key accomplishment for the government, that had led targeted efforts to insure this particular group. Even though, Hispanics and low-income Americans register the most improved rates, they still rank high in the most uninsured subgroups in America.

Americans who are aged 26-36 have also witnessed some gain in coverage recording 7.4 points drop since the end of 2013; this is the largest drop in any age group in America. The percentage of US citizens that are uninsured has continued to fall during and after the second open enrolment period that ended on the 15th of Feb. 2015, and it is expected that the drop could continue since the Obama administration plans to schedule another enrolment from May through to April 30. This aims to sign up those that realize that while paying their taxes, that they must pay a fine for not getting health care coverage in 2014.

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